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  • Joaquim Levy confirmed as new BNDES head

    World Bank CFO Joaquim Levy (pictured) will become the new president of Brazil's state-run development bank BNDES. His appointment was made by Paulo Guedes, who will become the country's new finance minister when Jair Bolsonaro...

  • New loans from Brazil's BNDES contract

    New loans provided by Brazil's development bank BNDES fell in the first half of the year due to weak demand from businesses and higher interest rates charged by the bank. Loans totaled 27.7bn reais (US$7.41bn) in January-June, down ...

  • Odebrecht confirms new US$700mn loan

    After much negotiation, embattled Brazilian conglomerate Odebrecht arranged a new credit line from local banks. The company obtained a 2.6bn-real (US$710mn) loan from Itaú Unibanco and Bradesco. Both banks are already creditors...

  • Odebrecht postpones overseas bond payment

    Embattled Brazilian conglomerate Odebrecht delayed payment of a 500mn-real (US$143mn) overseas bond, owed by subsidiary Odebrecht Engenharia e Construção and due late Wednesday, as it negotiates with banks over a credit line. A 30-d...

  • Odebrecht seeks credit to pay off debt

    Embattled Brazilian construction conglomerate Odebrecht is planning to obtain a credit line worth 3.5bn reais (US$1.06bn) to cover its short-term debt obligations and to finance existing projects. The conglomerate is in talks with...